Ethical aspect in management - Assignment Example

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Ethical aspect in management

Managers are struggling nowadays to improve the skills of individuals in order to meet the market expectations. As people from all around the world are in contact to do business, therefore unawareness to culture and norms of one another results in unethical practices and values occur in the business environment which results in decrease of trust and eventually huge losses are born by the organizations due to misunderstandings, thus managers have started to make sure that unethical values and practices are not occurring in their organization by using the methods and techniques of management under the light of theories and functions of management. To ensure the standard of ethics in an organization managers have to work hard to set the rules and they have to communicate the code of ethics to each and every employee so that everyone gets the information about the ethical standard which is required to be maintained in the organization. Managers also spend their time to monitor the business carried out in the organization so that employees should develop the sense that they are not at their own to do whatever they want. ...Show more

Summary

Management is not a new term for us it is as old as human civilization. Greeks and Babylonians had successfully practiced management years ago to rule their territories. Today we live in a global village where continents are connected to each other like the cities were linked in the past resulting in a broader horizon for business and trade…
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